Overall unemployment rate moved down to 6.8% with the biggest shift in Government, which lost 18,600 roles, based on the most recently available information published in September 2021.
Total employment in the Houston-The Woodlands-Sugar Land, TX market rose by 36,821 jobs in July and the unemployment rate decreased compared to the prior month by 60 bps to 6.8%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Houston-The Woodlands-Sugar Land, TX unemployment rate is 114 bps above the national rate which is a negative sign.
- Unemployment in the market is 430 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 629,100; -2,700
- Business Services: 501,200; +7,500
- Education & Healthcare: 401,300; +800
- Government: 392,500; -18,600
- Restaurants & Hotels: 329,200; +2,600
- Construction, Mining: 270,600; -2,500
- Manufacturing: 210,900; +3,700
- Financial Services: 163,500; +300
- Other Jobs: 112,900; +1,600
- IT & Development: 29,000; +200
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.